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16 Bakers Parade, Brunswick West VIC 3055

$1,250,000 - $1,350,000

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$1.25M - $1.31M Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 3 Baths 2 Cars 502 m² 177 m²

Listed: 4 days ago

Overview

This versatile property at 16 Bakers Parade, Brunswick West, presents a unique investment or residential opportunity with its exceptional layout accommodating three separate living arrangements. The main residence, featuring two bedrooms alongside spacious living and dining spaces, offers comfortable and functional daily living. Additional to this are two independent accommodation zones: a one-bedroom area with dedicated living, kitchen, and laundry facilities, and a studio-style space complete with its own kitchen, bathroom, and significant storage capacity.

This multi-unit arrangement is perfect for investors seeking immediate income, as it currently returns approximately $5,200 per month through flexible month-to-month tenants. Those interested in renovation or redevelopment will appreciate the considerable future potential, subject to appropriate council approvals, adding further layers of value to this property.

Situated on a 502m² parcel, complemented by a generous 177m² of building space and two garage parking spaces, the property balances outdoor and indoor amenities effectively. Its location offers excellent access to major transport routes, enhancing connectivity and broadening its appeal to a wide range of buyers including families, investors, or those looking for a renovation project with upside potential.

Local Market Insights

In Brunswick West, Quiet Listings observed 10 new houses entering the market over the last 30 days, up from 6 during the previous 30-day period, with an average advertised asking price of $1,405,000. The property type mix of listed properties is predominantly Houses at 45%, followed by apartments (24%), and units (14%). The most active agency for houses in the Brunswick West area is currently Jellis Craig, representing 40% of new listings, followed by Woodards Real Estate with 20%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.